BizVoice September/October 2017

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54 BizVoice/Indiana Chamber – September/October 2017
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plan, where an extra percentage of your pay
is deposited into (your) 401(k) account. It
does offer a breadth of flexibility of different
benefits that can appeal to any sort of
generation here.”
Roche has over 95% participation in its
401(k) plan.
Planning ahead
Medical is a key piece of Roche’s
retirement offerings.
“Once you reach, say age 65, and you’re
on Medicare, we have two different kinds of
accounts,” Embry comments. “One that can
either pay a portion of your Medicare supplement
or another one that’s more cash based.
Depending on how many years you’ve been
here, you’ll earn money into that account and
you can use that in any way (you desire). But
the fact that we still provide that – that’s not
really the trend today. More companies are
really cutting back on that. But we feel it’s a
valuable benefit to offer to our employees.”
Foley points to the long-term care area
as one of OneAmerica’s fastest-growing
segments.
“We’re fortunate in that we have a very
unique product line and one that allows
people to cover potential needs in the long-
term care area on an unlimited basis with a
guaranteed cost structure or a guaranteed
premium,” he notes.
Boyle sheds light on how Roche is able
to continue providing competitive retirement
benefits.
“We just make it a priority,” she emphasizes.
“We definitely have to make tough decisions
around our health plans in general for our
active employees and our retirees. And we
re-evaluate that every year to say, ‘What are
the costs of health care and how are we
managing the costs while still being highly
competitive?’ We’ve made a commitment
that we want to take care of our employees
and we want to have high engagement …”
Carmichael’s voice is heavy with pride as
he describes Weddle’s success as an ESOP,
which he terms “a game changer.”
“Since the inception of the ESOP, our
shares have increased, on average, over 100%
each year. That trend can’t continue forever,
but it’s been a great trend.”
RESOURCES: Bridget Boyle and Judy Embry, Roche Diagnostics, at | Lee Carmichael, Weddle Bros. Construction, at |
Doug Prince, ProCourse Fiduciary Advisors, at | Pat Foley, OneAmerica Financial Partners, at
“The biggest question is, ‘Why do we
have this retirement plan? What do
we want to use the retirement plan to
help us achieve as an organization
and how can the plan do that?’ ”
Doug Prince, chief executive officer
ProCourse Fiduciary Advisors